Variable | Description of the variable | Source of the data |
---|---|---|
GDP | Gross domestic product which determines the size of the exporter and importer, measured in current prices, in USD | World Bank; |
Distance (D) | Determining the geographical distance between the capitals of a given pair of countries, measured in kilo meter | CEPII; |
Contiguity | Dummy variable taking the value of 1 for the neighboring countries and 0 otherwise | Geographical atlas |
Common language | Dummy variable taking the value of 1, when the residents of both countries speak the same official language and 0 otherwise | Different sources (CEPII; |
Colonial link | Dummy variable taking the value of 1, when countries historically have trade relations or common statehood and 0 otherwise | Different sources (CEPII) |
RTA/FTA | Dummy variable taking the value of 1, when countries have signed a free or a regional trade agreement and 0 otherwise | Different sources (WTO) |
Common currency | Dummy variable taking the value of 1, when countries have the common value and 0 otherwise | Different sources ( |
Trading partners | Actual exports (in millions USD) | Actual imports (in millions USD) | Potential exports (in millions USD) | Potential exports divided by actual exports | Actual share of the trading partner (%) | Potential share of the trading partner (%) |
---|---|---|---|---|---|---|
Russia | 396.672 | 786.867 | 499.818 | 1.3 | 25.7 | 15.7 |
Turkey | 216.674 | 1,373.739 | 239.187 | 1.1 | 14.1 | 7.5 |
Armenia | 210.276 | 281.322 | 693.842 | 3.3 | 13.6 | 21.7 |
Azerbaijan | 272.15 | 567.034 | 298.045 | 1.1 | 17.7 | 9.3 |
Iran | 76.351 | 105.194 | 67.238 | 0.9 | 5.0 | 2.1 |
Germany | 45.657 | 434.153 | 216.858 | 4.7 | 3.0 | 6.8 |
China | 201.702 | 732.946 | 30.333 | 0.2 | 13.1 | 0.9 |
USA | 121.796 | 268.262 | 56.783 | 0.5 | 7.9 | 1.8 |
Abkhazia | - | - | 304.980 | - | - | 9.6 |
South Ossetia | - | - | 786.226 | - | - | 24.6 |
Total | 1,541.278 | 4,549.517 | 3,193. 31 | 13.1 | 100 | 100 |
Trading partners | Actual exports (in million USD) | Actual imports (in million USD) | Potential exports (in million USD) | Potential exports divided by actual exports | Actual share of the trading partner (%) | Potential share of the trading partner (%) |
---|---|---|---|---|---|---|
Russia | 9.470 | 30.422 | 386.246 | 40.8 | 100 | 27.2 |
Turkey | - | - | 36.939 | - | - | 2.6 |
Armenia | - | - | 60.817 | - | - | 4.3 |
Azerbaijan | - | - | 29.496 | - | - | 2.1 |
Iran | - | - | 21.807 | - | - | 1.5 |
Germany | - | - | 55.105 | - | - | 3.9 |
China | - | - | 5.896 | - | - | 0.4 |
USA | - | - | 19.575 | - | - | 1.4 |
Georgia | - | - | 677.388 | - | - | 47.8 |
Abkhazia | - | - | 124.991 | - | - | 8.8 |
Total | 9.470 | 30.422 | 1,418.26 | 40.8 | 100 | 100 |
Trading partners | Actual exports (in millions USD) | Actual imports (in millions USD) | Potential exports (in millions USD) | Potential exports divided by actual exports | Actual share of the trading partner (%) | Potential share of the trading partner (%) |
---|---|---|---|---|---|---|
Russia | 53.371 | 217.550 | 1,061.295 | 19.9 | 91.8 | 60.7 |
Turkey | 4.740 | 12.270 | 64.796 | 13.7 | 8.2 | 3.7 |
Armenia | - | 1.616 | 48.291 | - | - | 2.8 |
Azerbaijan | - | - | 28.653 | - | - | 1.6 |
Iran | - | - | 24.959 | - | - | 1.4 |
Germany | - | - | 77.343 | - | - | 4.4 |
China | - | 5.713 | 8.039 | - | - | 0.5 |
USA | - | - | 28.113 | - | - | 1.6 |
Georgia | - | - | 275.957 | - | - | 15.8 |
South Ossetia | - | - | 131.400 | - | - | 7.5 |
Total | 58.111 | 237.149 | 1,748.846 | 33.6 | 100 | 100 |